Chicago blogger answers important question: What is the value of Creative Loafing?
August 11, 2009 at 4:18 pm by Mara Shalhoup in Inside CL
Chicago blogger Mike Fourcher asks — and pretty much answers — a question that’s been dogging us for months, both here at CL’s Atlanta lair and at our sister papers:
What is Creative Loafing’s six-newspaper chain worth?
Is it …
A) $23 million
B) $14.9 million
C) $13.3 million
D) $3.6 million
Seeing as how there’s an equity auction in TWO WEEKS that will determine who will control the Creative Loafing empire, the correct answer could come in handy.
In related print-is-dead news, the Washington Post publilshed a compelling oral history (or was it an obit?) on Sunday about the enviably edgy, CL-owned Washington City Paper. And the Chicago Reader’s Michael Miner reported last week on an interesting conundrum plaguing Creative Loafing’s top managers.
August 11th, 2009 at 10:50 pm
With Henry and Wheatley signed to long-term contracts, it would be at least $23M.